Core Insights - BitFuFu Inc. reported its production and mining operations updates for February 2025, highlighting its growth strategy and confidence in Bitcoin's long-term performance [1][3]. Bitcoin Holdings and Production - As of February 28, 2025, BitFuFu held 1,800 Bitcoins (BTC) and produced a total of 219 BTC, which included 58 BTC from self-mining operations and 161 BTC for cloud-mining customers [6][7]. - The self-mining production decreased by 30% from January 2025, primarily due to miner fleet relocation, while cloud-mining production saw a 19.5% decrease due to the expiration of certain hashrate purchase orders [7]. Hashrate Management - Total hashrate under management was reported at 20.6 EH/s, with self-owned hashrate at 3.1 EH/s and cloud-mining and co-hosting at 17.5 EH/s as of February 28, 2025 [7]. - The company aims to reach a secured power capacity target of 1 GW by 2026, having added an additional 51 MW this month, bringing the total secured power capacity to 164 MW [7]. Strategic Expansion - BitFuFu acquired majority ownership in a 51 MW Bitcoin mining facility in Oklahoma, with plans to deploy S21 series miners and complete energization by March 2025. The cash cost to produce one Bitcoin at this site is approximately $18,000, excluding depreciation [6][7]. - The cloud mining platform experienced significant growth, with registered users increasing from 500,000 to over 600,000 in less than three months [6][11]. Upcoming Conferences & Events - BitFuFu will participate in the 37th Annual ROTH Conference in Dana Point, California, from March 16-18, 2025, and sponsor the FUTU Expo 2025 in Hong Kong on March 21-22, 2025 [11].

Core Insights - BitFuFu Inc. has achieved a significant milestone by surpassing 600,000 registered users on its Cloud Mining platform, reflecting rapid growth in user adoption [1][2] - The company experienced a growth from 500,000 to 600,000 users in less than three months, compared to over five months for the previous increase from 400,000 to 500,000 users [2] - To celebrate this achievement, BitFuFu has launched a special discount coupon campaign for active users, offering tiered discounts based on cloud mining hashrate purchases [2] Company Overview - BitFuFu Inc. is recognized as a global leader in Bitcoin mining and comprehensive mining services, providing one-stop solutions including cloud mining [4] - The company has received early investment from BITMAIN, a leading digital asset mining hardware manufacturer, and maintains a strategic partnership with BITMAIN in the mining services sector [4][5] - BitFuFu is committed to fostering a secure, compliant, and transparent blockchain infrastructure, offering stable and intelligent digital asset mining solutions to a global customer base [5]

Majority stake acquisition strengthens BitFuFu’s operational scale and efficiency with low-cost power and enhanced hosting capacityNet electricity cost at this facility is very competitive at about $0.03 per kWhWith the deployment of AntMiner S21 series miners, the average cash cost to mine one Bitcoin at this site is as low as $18,000, excluding depreciation SINGAPORE, Feb. 20, 2025 (GLOBE NEWSWIRE) -- BitFuFu Inc. (“BitFuFu” or the “Company”) (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehe ...

Core Viewpoint - BitFuFu Inc. reported strong demand for its cloud-mining services driven by resilient Bitcoin prices, while actively managing its mining capacity to ensure stable cash flow and support strategic expansion plans [3]. Bitcoin Production and Holdings - In January 2025, BitFuFu produced 83 Bitcoins from self-mining operations, a 25% decrease from December 2024, and 200 Bitcoins for cloud-mining customers [7][8]. - The company held a total of 1,742 Bitcoins as of January 31, 2025, which includes 633 Bitcoins pledged for loans and miner procurement payables [8][9]. Strategic Expansion - BitFuFu expects to receive 2,000 units of S21XP miners in March 2025, adding 0.54 EH/s of mining capacity [7]. - The company signed a letter of intent to acquire a 51-megawatt Bitcoin mining facility in Oklahoma, U.S., with an average power cost of $0.03/kWh [7][8]. - The total hashrate under management reached 20.2 EH/s, with self-owned hashrate at 3.1 EH/s and cloud-mining and co-hosting at 17.1 EH/s [8]. Power and Facilities - BitFuFu has a total hosting capacity of 424 MW, including two facilities with a combined 113 MW power supply [8]. - The company has secured 80 MW in Ethiopia at a cost of $0.036/kWh and 33 MW in the U.S. at $0.042/kWh [8]. Mining Services and Growth - The number of registered users for cloud-mining services reached 598,785 as of January 31, 2025 [8]. - BitFuFu launched BitFuFuOS, a new software service that can optimize mining operations and potentially increase earnings by up to 20% [8]. Upcoming Events - BitFuFu will participate in the Alliance Global Partners Virtual Technology Conference on February 12, 2025, and the 37th Annual ROTH Conference from March 16-18, 2025 [6][9].

SINGAPORE, Jan. 31, 2025 (GLOBE NEWSWIRE) -- BitFuFu Inc., ("BitFuFu" or "the Company") (NASDAQ:FUFU), a global leader in Bitcoin mining and comprehensive mining services, announced that Leo Lu, Chairman and CEO of BitFuFu, Calla Zhao, CFO and Charley Brady, Vice President of Investor Relations, will attend the 37th Annual ROTH Conference, March 16-18, 2025 in Dana Point, California. The ROTH Conference provides investors the opportunity to hear from and meet with executive management from approximately 500 ...

SINGAPORE, Jan. 16, 2025 (GLOBE NEWSWIRE) -- BitFuFu Inc., (“BitFuFu” or “the Company”) (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, announced today that it has signed a letter of intent to acquire a majority stake in a 51-megawatt (MW) Bitcoin mining facility in the State of Oklahoma, United States. Strategically located in an unpopulated area, the facility has completed construction of its power and mining infrastructure. It boasts a reliable power supply of 51 MW f ...

SINGAPORE, Jan. 08, 2025 (GLOBE NEWSWIRE) -- BitFuFu Inc., (“BitFuFu” or “the Company”) (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced the launch of its new software service, BitFuFuOS, which can increase mining overall earnings by up to 20%. By integrating miners, hosting, mining pools, and software services, BitFuFu aims to provide users with a seamless one-stop mining experience. BitFuFuOS website ： https://www.bitfufu.com/FuFuMinerOS Designed for ea ...

SINGAPORE, Jan. 06, 2025 (GLOBE NEWSWIRE) -- BitFuFu Inc., (“BitFuFu” or “the Company”) (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced its unaudited production and mining operations updates for December 2024. Key Highlights: Bitcoin Production: Produced 111 Bitcoins ("BTC") from self-mining operations, representing a 32% increase from November 2024. Bitcoin Holdings: Held 1,720 BTC in total as of December 31, 2024.Cloud Mining Platform Growth: Surpassed ...

Company Overview - BitFuFu Inc is a global leader in Bitcoin mining and comprehensive mining services, providing one-stop solutions including cloud-mining [4] - The company received early investment from BITMAIN, a world-leading digital asset mining hardware manufacturer, and remains BITMAIN's strategic partner in the Bitcoin mining and mining services space [4] - BitFuFu is dedicated to fostering a secure, compliant, and transparent blockchain infrastructure, providing a variety of stable and intelligent digital asset mining solutions to a global customer base [5] - Leveraging its expanding global mining facility network and strategic partnership with BITMAIN, BitFuFu enables institutional customers and digital asset enthusiasts to mine digital assets efficiently [5] User Growth and Market Reach - BitFuFu's registered cloud-mining users surpassed 520,000, with a compound annual growth rate (CAGR) and YoY% of 67% since launching its cloud-mining website in December 2020 and mobile APP in October 2021 [1] - The company has attracted registered users from over 150 countries, with the top countries driving growth mainly from Asia-Pacific and Europe [1] Product Development and User Experience - In November 2024, BitFuFu revamped its website and mobile app to significantly enhance the user experience and empower users with cutting-edge, user-friendly solutions tailored to their needs [2] - The company's growth in user base demonstrates the tangible value delivered to users and highlights the resilience of its business model across market cycles [3] - BitFuFu is committed to making digital asset mining simpler, more efficient, and accessible to all, with plans to continue innovating and setting new benchmarks in the industry [3]

SINGAPORE, Dec. 11, 2024 (GLOBE NEWSWIRE) -- BitFuFu Inc., (“BitFuFu” or “the Company”) (NASDAQ: FUFU), a global leader in Bitcoin mining and comprehensive mining services, today announced it has entered into 10-year exclusive lease agreements for two Bitcoin mining facilities with a combined capacity of 33 megawatts (MW) in the U.S. The lease agreements grant BitFuFu the option to acquire a majority stake in both mining facilities. The lease of both mining facilities marks the next step in BitFuFu’s transi ...